Lean hog futures are showing 10 to 60 cent losses so far on Friday. USDA’s national base hog price was reported at $68.56 on Friday morning. The CME Lean Hog Index was down 27 cents on Jan 7 at $80.98.
USDA’s pork carcass cutout value from the Fri AM report was $4.94 higher at $95.73 per cwt. All primals reported higher, with the belly up $12.17. USDA estimated federal inspected hog slaughter for Thursday at 496,000 head, taking the total to 1.977 million head. That is 73,159 head above the same week last year.
